Ethereum

2024

EigenLayer

<ul>
 <li><strong>Binance introduces the EigenLayer (EIGEN) coin with new trading pairs.</strong></li>
 <li><strong>EIGEN/BTC, EIGEN/USDT, and more pairs are set to launch on October 1, 2024.</strong></li>
</ul>
<p><a href="https://www.ethnews.com/market-mainstays-uniswap-and-binance-wobbled-as-huge-interest-surrounds-a-new-challenger-making-waves/" rel="noopener noreferrer nofollow">Binance</a>, one of the world’s largest cryptocurrency exchanges, has officially announced the listing of the EigenLayer (EIGEN) coin. Starting on October 1, 2024, at 08:00 UTC, users will be able to trade EIGEN on the platform with several new spot trading pairs. The addition of EIGEN to Binance’s portfolio will open the cryptocurrency to a much broader audience, expanding its reach significantly.</p>
<h2 id="new-trading-pairs-and-listing-details">New Trading Pairs and Listing Details</h2>
<p>The introduction of the EigenLayer coin comes with four trading pairs: EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD, and EIGEN/TRY. While TRY represents the Turkish lira, it is crucial to note that it functions as fiat currency rather than another cryptocurrency. This pair is particularly significant for Turkish investors who can now trade <a href="https://www.ethnews.com/tbtc-becomes-the-first-incentivized-btc-asset-on-eigenlayer/" rel="noopener noreferrer nofollow">EIGEN</a> directly with their local currency.</p>
<p>No listing fee will be applied for EIGEN trading, which makes it more accessible for users interested in adding this altcoin to their portfolios. <a href="https://www.ethnews.com/binance-pauses-operations-ahead-of-ceo-changpeng-zhaos-expected-release/" rel="noopener noreferrer nofollow">Binance</a> has also provided the smart contract address for the EIGEN coin, based on the ERC-20 standard: 0xec53bF9167f50cDEB3Ae105f56099aaaB9061F83.</p>
<p>Users can start depositing EIGEN coins immediately in preparation for trading. Withdrawals, however, will be enabled starting October 2, 2024, at 08:00 UTC. Although this date and time are preliminary, <a href="https://www.ethnews.com/binance-announces-support-for-terra-classics-tax2gas-upgrade-boost-for-lunc/" rel="noopener noreferrer nofollow">Binance</a> will allow users to monitor withdrawal statuses via its dedicated withdrawal page. Additionally, advanced trading features like trading bots and spot copy trading will become available within 24 hours after the official listing goes live.</p>
<h2 id="what-is-eigenlayer">What is EigenLayer?</h2>
<p>EigenLayer is an innovative protocol built on the Ethereum blockchain that introduces a new mechanism called “restaking.” This method enhances <a href="https://www.ethnews.com/ethereum-to-introduce-alignment-metrics-for-projects-says-vitalik-buterin/" rel="noopener noreferrer nofollow">Ethereum</a>’s security framework by allowing ETH to be reused within the consensus layer. By enabling the redeployment of ETH, EigenLayer makes the Ethereum network more secure and efficient. Essentially, it optimizes the utilization of Ethereum coins, permitting users to maximize their crypto assets for other operations while maintaining a secure network structure.</p>
<p>This listing on <a href="https://www.ethnews.com/sec-refines-charges-against-binance-clarifying-the-use-of-virtual-currency-securities/" rel="noopener noreferrer nofollow">Binance</a> provides users with more options for investment and trading, which is particularly important for the Turkish market. The availability of the EIGEN/TRY trading pair highlights Binance’s focus on regional expansion and catering to specific local markets.</p>
<p>The post <a href="https://www.ethnews.com/binance-lists-eigenlayer-eigen-new-trading-pairs-announced-for-october-2024/" rel="noopener noreferrer nofollow">Binance Lists EigenLayer (EIGEN): New Trading Pairs Announced for October 2024</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

Binance Lists EigenLayer (EIGEN): New Trading Pairs Announced for October 2024

Table of Contents

ETHNews

Other articles published on Sep 30, 2024

Is Vitalik Buterin Behind Latest Ethereum Price Dip?

Solana Rises 7% Amid Support for Solana-Based Meme Coins - Dogen, WIF, and Bonk in the Spotlight

Get Ready for October! 19 Altcoins Set for Major Token Unlocks

Binance Whales Pushing Bitcoin Down: Details

Cypher Capital Participates in $12M Funding Round for SecondLive (30 Sep)

Coinpedia Fintech News

Join our free newsletter for daily crypto updates!